Spain’s Tecnicas Reunidas has submitted a low bid of KD433.7m ($1.45bn) for engineering procurement and consruction (EPC) contract to build the fifth gas fractionation train at Kuwait’s Mina al-Ahmadi Refinery.

The bid came in lower than rival prices submitted by the UK-based Petrofac, and the South Korean contractors Daelim Industrial and GS Engineering and Construction (GS E&C).

Tecnicas Reunidas’ price came in higher than the Kuwait Central Tender Committee (CTC) budget estimate, which was KD363.9m.

The full bidder list is:

• Tecnicas Reunidas, KD433.7m ($1.45bn)
• Daelim Industrial, KD440.4m
• Petrofac, KD494.8m
• GS E&C, KD532.2m